"The Big Short" protagonist Steve Eisman adopts cautious stance on SpaceX IPO

Odaily Planet Daily News SpaceX is preparing for its record-breaking initial public offering (IPO), but renowned investor Steve Eisman has expressed concerns about its AI business. Eisman, the real-life trader who inspired the character betting against the housing market in the film *The Big Short*, said in a CNBC interview on Monday that while he does not intend to short SpaceX stock at the IPO, the company's prospectus has raised some red flags. SpaceX's capital expenditures have increased significantly: "Capital expenditure accounted for only 42% of revenue in fiscal year 2023, but in the most recent quarter, it reached 215% of revenue, indicating the company has become highly capital intensive." (Business Insider)